My coin shop is selling an SGS coin!!!!!!

Discussion in 'US Coins Forum' started by frostyluster, Jan 26, 2013.

  1. frostyluster

    frostyluster Member

    This is ridiculous. My COIN SHOP is selling a "MS 70" 2011 silver eagle, SGS graded. How the heck did it get there? I also discovered what type of slab shell and insert SGS uses. They are standard BCW coin slabs! The coin in question is ms 67 in reality.
     
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  3. rickmp

    rickmp Frequently flatulent.

    I'm sure they bought it for melt. Are they trying to sell it at MS70 money?
     
  4. gbroke

    gbroke Naturally Toned

    Consider it lucky. Usually SGS MS 70 coins are VG-10 in reality.
     
  5. frostyluster

    frostyluster Member

    I'm not sure what they were selling it for. I did not ask, because who gives a crap about an SGS coin?
     
  6. rickmp

    rickmp Frequently flatulent.

    Well, it is an Eagle.
     
  7. frostyluster

    frostyluster Member

    True. But SGS is NOT a TRUGRADEing service :)
     
  8. rickmp

    rickmp Frequently flatulent.

    I know. Some here have said 'buy the coin, not the slab'.
     
  9. frostyluster

    frostyluster Member

  10. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I am guessing that it has not yet crossed your mind that "coin shop" just might have bought them that way? Since you didn't bother asking the price, how do you know that they are asking any real premium above raw? The reality is that coin shops often buy from walk-ins, and sometimes offer whatever it is they bought as-is. No reason to have a fit over something so trivial, especially without knowing the whole story.

    Just something for you to think about; last spring I picked up a 10-D $10 in a basement slab for the price of a generic AU. It is now residing in a PCGS63 holder.
     
  11. Conder101

    Conder101 Numismatist

    Of course not, TRUGRADE was the TRUGRADEing service. (Yes there really was a grading service called TRUGRADE.)
     
  12. Tyler

    Tyler Active Member

    They probably paid what they would normally would pay for an eagle and are selling it as a normal eagle with a free case.
     
  13. jello

    jello Not Expert★NormL®

    S.O.S
    Just a new day.But if you buy it. @ melt money and..99cents for the holder .
    my2c
     
  14. frostyluster

    frostyluster Member

    It costs 50 dollars. Their normal eagles are usually about 5 bucks over spot.
     
  15. Pi man

    Pi man Well-Known Member

    I wouldn't go for it. Not for $50.

    PS: Lol, 2 months. :rolleyes:
     
  16. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    The point is, Frosty... who cares? It is not your coin shop (or as you put it "My COIN SHOP") and it should be no concern of yours what he is selling or how much he is asking for HIS merchandise. I can pull a quarter out of my pocket, slap it in a flip, and ask $10k for it. This does not mean anyone is going to pay it, but it is my quarter and I can do whatever I want with it.
     
  17. talkcoin

    talkcoin Well-Known Member

    why are you freely giving away the "secret" to starting an eBay store??? :rolleyes:
     
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